Chairman/CEO Duality and its Effects for the Management of Corporate Governance in Guayana

Adebimpe Lincoln, Richard Fields, Oluwatofunmi Adedoyin

Abstract

This research provides a detailed analysis of board leadership structure of corporations in Guyana focusing onwhether individual boards are duality or separately led. There were two questions being asked at the outset. First,would duality led or separately led companies prove more likely to achieve profitability and financial success.Secondly, if neither, was there some other configuration of the board that would be successful in the time frameunder study. The study is of significant importance because up to the present time there is no empirical researchwhich expresses an opinion on the phenomenon based on evidence of local experience. It was intended toestablish that the conclusions drawn regarding these arrangements in companies in the developed world werenot apposite in the Guyanese context and to discover what conclusions were relevant locally. To this end theresearch sought to develop a Guyanese position based on various metrics which were extracted from the AnnualReports of the target companies spanning a three year period i.e. 2009-2011. The evidence is certainlysuggestive if it is not compelling that there is a substantive relationship between board leadership structure andbusiness success in the marketplace of Guyana. Further study is needed, perhaps with a wider window maybe ofa ten year period as that would be likely to provide even more persuasive evidence of a correlation betweenleadership structure and performance.

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